North America ventilator market is expected to reach million by 2025 and is projected to register a healthy CAGR of 7.4% in the forecast period of 2018 to 2025.
A ventilator is equipment used in ICU’s to assist patient in breathing when it is not possible for the patient to breathe by themselves. Ventilators can be used temporarily or permanently (as in long term care). Ventilator constitute of mechanical ventilator, nasogastric tube and endotracheal tube. These ventilators are used in the hospital, rehabilitation or homecare setting. Ventilation systems provide oxygen and remove carbon dioxide from the patient’s body. It is used for life support but does not treat a disease or medical condition. The mechanical ventilation system is used for patients suffering from chronic diseases such as chronic obstructive pulmonary disease (COPD) pneumonia, brain injuries and strokes.
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Competitive Analysis: North America Ventilator Market
Some of the prominent participants operating in this market are Air Liquide, Hamilton Medical., Shenzhen Mindray Bio-Medical Electronics Co., Ltd. Medtronic, Fisher & Paykel Healthcare Limited, Smiths Group plc Acutronic Medical Systems AG, Getinge AB Drägerwerk AG & Co. KGaA, Cepheid, Bunnell Incorporated, Leistung Equipamentos LTDA., Penlon Limited, ResMed, Vyaire, Zoll Medical, MAGNAMED, HEYER Medical AG, Allied Healthcare Products, Inc. and G E Healthcare among others.
Product Launch
In 2018, Koninklijke Philips N.V. launched Trilogy Evo Ventilator which is only one portable life support ventilator platform designed to stay with patients providing consistent therapy and monitoring as they change care environments and when their condition changes.
In 2015, Medtronic launched Puritan Bennett 980 Ventilator. Through this product launch the company had expanded its product portfolio.
In 2017, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. launched new-generation ventilator SV800. Through this product launch the company had expanded its product portfolio. In 2015, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. signed an agreement with the Excelsior Union Limited and Solid Union Limited. Through this agreement the company had expand its business portfolio.
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Market Segmentation: North America Ventilator Market
North America Ventilator market is segmented into five notable segments which are product type, modality, type, mode, end User and country
· On the basis of product type, the market is segmented into intensive care ventilators, portable ventilators and neonatal ventilators. Intensive care ventilators are sub-segmented into high-end ICU ventilators, basic ICU ventilators and mid-end ICU ventilators. In 2018, Intensive care ventilators segment is growing at the highest CAGR and expected to reach USD in the forecast period of 2018 to 2025.
· On the basis of modality, the market is segmented into non-invasive ventilation and invasive ventilation. Non-invasive ventilation is sub-segmented into volume-cycled ventilators, pressure-cycled ventilators, continuous positive airway pressure ventilators, bi-level positive airway pressure ventilators, flow-cycled ventilators and time-cycled ventilators. In 2018, Invasive ventilation segment is growing at a specific CAGR. However non-invasive ventilation segment is growing at the highest CAGR in the forecast period of 2018 to 2025.
· On the basis of type, the market is segmented into adult ventilators, neonatal ventilators and paediatric ventilators. In 2018, adult ventilators segment is growing at the highest CAGR of in the forecast period of 2018 to 2025.
· On the basis of mode, the market is segmented into combined-mode ventilation, volume-mode ventilation, pressure-mode ventilation and other. In 2018, Combined-Mode Ventilation segment is growing at the highest CAGR in the forecast period of 2018 to 2025.
· On the basis of end-user, the market is segmented into hospitals, ambulatory surgery centres, specialty clinics, long term care centres, rehabilitation centres and homecare settings. In 2018, hospitals segment is growing at the highest CAGR in the forecast period of 2018 to 2025.
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Research Methodology: North America Ventilator Market
Primary Respondents:
Key Opinion Leaders (KOL’s): Manufacturer, Healthcare Professionals, Doctors, Nurses, Medical practitioners. Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers.
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